TSC(SZ:000877)2024-10-25 10:55Financial Performance - The company's revenue for Q3 2024 was ¥21,760,232,444.98, a decrease of 19.24% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥334,194,909.45, representing a decline of 267.64% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was -¥423,427,269.56, a decrease of 4,008.78% compared to the previous year[2]. - Total operating revenue for the current period is ¥61.46 billion, a decrease of 23.5% from ¥80.39 billion in the previous period[14]. - Net profit for the current period is a loss of ¥4.09 billion, compared to a loss of ¥170.46 million in the previous period[15]. - The net profit attributable to shareholders of the parent company is a loss of ¥3.75 billion, compared to a profit of ¥50.85 million in the previous period[15]. - The total comprehensive income for the current period is a loss of ¥4.03 billion, compared to a loss of ¥207.49 million in the previous period[15]. - Basic and diluted earnings per share for the current period are both -¥0.4506, compared to ¥0.0059 in the previous period[15]. Cash Flow and Financing - The company's cash flow from operating activities decreased by 69.57% year-on-year, primarily due to a decline in sales revenue[7]. - The net cash flow from operating activities for Q3 2024 was approximately ¥3.38 billion, a decrease of 69.6% compared to ¥11.11 billion in Q3 2023[17]. - Total cash inflow from financing activities was approximately ¥54.54 billion, down 22.5% from ¥70.37 billion in the same period last year[17]. - Cash outflow for financing activities was approximately ¥50.95 billion, a decrease of 24.1% compared to ¥67.23 billion in Q3 2023[17]. - The company reported a significant increase in cash received from financing activities, with cash inflow from borrowings at approximately ¥42.76 billion, down 33% from ¥63.80 billion in Q3 2023[17]. - The company’s cash outflow for taxes was approximately ¥4.84 billion, a decrease of 32.9% compared to ¥7.22 billion in Q3 2023[17]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥296,466,951,022.68, an increase of 0.59% from the end of the previous year[2]. - The total liabilities reached CNY 199.81 billion, up from CNY 194.18 billion at the beginning of the quarter[12]. - Short-term borrowings decreased to CNY 21.92 billion from CNY 23.85 billion, reflecting a reduction in short-term debt[12]. - Long-term borrowings increased significantly to CNY 76.80 billion from CNY 62.32 billion, indicating a strategy to leverage long-term financing[12]. - The total equity attributable to shareholders decreased to CNY 79.81 billion from CNY 84.15 billion, indicating a decline in shareholder value[12]. Sales and Market Performance - Cement sales volume decreased by 15.52% year-on-year to 16.53 million tons, while sales of ready-mixed concrete fell by 0.73% to 5.315 million cubic meters[5]. - Total operating costs for the current period are ¥65.62 billion, down 19.0% from ¥81.05 billion in the previous period[14]. - The company reported a significant decline in investment income, down 233.61% year-on-year, due to losses from joint ventures[6]. - The company began implementing new accounting standards starting in 2024[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 85,635[8]. - The largest shareholder, China National Building Material Group Corporation, holds 81.14% of shares, totaling 5,769,352,856 shares[8]. - The second-largest shareholder, Jiangyin Financial Asset Investment Co., Ltd., holds 2.28% of shares, totaling 161,858,201 shares[8]. - The number of shares held by the top ten shareholders does not include shares lent through margin trading[9]. - The company has no known related party relationships with the top shareholders[9]. - The company has not disclosed any changes in the participation of major shareholders in margin trading activities[9]. Operational Efficiency and Strategy - The company plans to continue focusing on cost reduction and efficiency improvements amid challenging market conditions[5]. - Research and development expenditures increased by 45.95% compared to the beginning of the year, reflecting the company's commitment to innovation[6]. - Research and development expenses for the current period are ¥1.47 billion, a decrease from ¥1.64 billion in the previous period[14]. - The company completed all performance commitments and impairment testing related to major asset restructuring as of July 31, 2024[10]. - The company terminated the issuance of convertible bonds to unspecified objects on August 2, 2024[10]. - The company also terminated the acquisition of controlling stakes in cement-related businesses on August 9, 2024[10].